PHILADELPHIA — In December 1999, Guinness World Records listed the 10 greatest inventions of the 20th century.
The computer wasn’t included. But the food-storage containers made by Tupperware were.
The company is famous for durable products lauded as “sacrosanct … icons of modernism” that are included in the collections of the Museum of Modern Art and the Smithsonian Institution. An estimated 90 percent of U.S. homes have at least one “super storer,” “thatsa mega-mixing bowl,” or other classic pieces of Tupperware.
The company’s nearly 80-year-old corporate model, featuring women both as salespeople and consumers interacting at Tupperware parties held in private homes, has become an indelible part of American — and world — culture.
Now, however, Tupperware faces what may be its last days.
Financial experts say the Orlando-based company doesn’t connect with young people, is overwhelmed by competitors, and is suffering a sharp decline (18 percent) in its in-person sales force, as demand for its products wanes. Net sales for 2022 were $1.3 billion, an 18 percent decrease from 2021.
Tupperware didn’t file its annual report on time, and may be delisted by the New York Stock Exchange as a result. CEO Miguel Fernandez says the company “is taking immediate action to seek additional financing.”